one of the first things that the obama administration could, should, and won't do is have a treasury department, an executive agency designate china currency manipulator so the cues can start taking countermeasures against it. there was a bill to crack down on bill manipulation passed in the house and senate in separate sessions so was it was not law. that was one of the immediate things people ask, what could one do, but the larger issue is the u.s. similarly has to get wise to the fact that free trade is a theoretical construct built on sand, and it's consequences, which are observable, are bad and they are inexitble. if anyone has questions, i'll take them now. >> i got a question. >> one moment, please. we'll bring the. i should say, author and senior economist, [inaudible] >> sorry, i think now -- yes, sorry, and we'd like to remind our viewing audience this is a program at the commonwealth club of california, why free trade doesn't work. so your questions are recorded anded in the telecast, use the microphone that i'll now -- >> thank you, a spirited talk. i have a question fro